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Pyramid selling and chain gift schemes

Beware Pyramid selling and chain gift schemes You hear about a great new money-making venture. You agree to go to a presentation where you are told that, after paying a joining fee, you can earn large amounts by recruiting new members to the scheme.

This is pyramid selling. In reality, only a tiny minority of those involved make money. Everyone else loses. Pyramid selling is illegal.

In a similar scam, you are offered an expensive gift, but first, you have to buy a low-value item. You get your high-value item only if lots of new members sign up - and you have to recruit them. You're very unlikely to ever get the gift.

Protect yourself

  • Avoid schemes that offer money or a gift based purely on signing up new members.
  • Don't agree to anything at high-pressure meetings or seminars.
  • Don't hand over any money or sign a contract to participate in any multi-level marketing plan until you've investigated it.

Caught by this scam?

Report it online at Action Fraud or telephone 0300 123 2040.

More about Safe Local Trades

Safe Local Trades 0800 014 1832 Allia Future Business Centre, Peterborough United Football Club, Peterborough, Cambs, PE2 8AN